THE EFFECT OF THE SOCIO-ECONOMIC DEVELOPMENT OF THE COUNTRY ON THE POPULATION OF PERSONAL INSURANCE TYPES

Abstract

In this article, the role and importance of personal insurance in the social protection of the population, the types of personal insurance and their essence are highlighted, and the reforms implemented in the practice of personal insurance are considered. The economic nature of life insurance is revealed, the factors affecting the popularity of this type of insurance are analyzed, and proposals and recommendations for improving the practice of personal insurance are developed.